The auto lightweight market is starting to take off, and some companies that are aiming at deep processing of aluminum and magnesium are beginning to benefit. In the market of A stock market, some early layout of the company ushered in the harvest period.
According to mintai aluminum's semi-annual report released yesterday, the company's total revenue reached 3.3 billion yuan in the first half of 2016, up 1.8 percent year-on-year. Net profit, excluding non-recurring gains and losses, rose by 42% to 1.19 billion yuan. The rapid growth of mintai aluminum shows the initial results of the transformation.
In the past two years, mintai aluminium has built two aluminium projects for automotive use. The 200,000 tons of "high-precision aluminum plate belt project for transportation" raised by the company has been put into production, but further optimization and debugging are needed. Company personnel told reporters yesterday, the project is expected to produce two years. Some analysts believe that with the further release of the company's new capacity in transportation aluminum, sustained high growth will be desirable.
The company has also invested in a 20, 000-ton annual transportation aluminum profile project, which is expected to go into production this year. Company equity subsidiary zhengzhou zhongche has agreed to give priority to the procurement of company products.
Yunhai metal has already tasted the benefits of car lightweight. The semi-annual report shows that from January to June 2016, yunhai metal achieved operating revenue of 1.769 billion yuan, up 18.90 percent year-on-year. Net profit was 6.993.02 million yuan, up 363.01 percent year-on-year.
Magnesium business for the yunhai metal profit growth made a greater contribution. In the first half of the year, yunhai metal magnesium alloy products achieved gross profit of 94,145,800 yuan, up 14.29 percent year-on-year, accounting for 38.80 percent of the total gross profit of the company's main business, up 20.53 percent year-on-year.
Since the beginning of this year, with the contraction of supply caused by enterprise equipment maintenance and sales, the price of magnesium has rebounded sharply. The price of magnesium ingots has rebounded from 12,000 yuan/ton at the beginning of this year to 14,700 yuan/ton now, up by 22.5%.
Yunhai metal is the world's leading magnesium alloy, sales of more than 30 percent of the world. The company's business runs through the upstream and downstream of the magnesium industry chain. At present, the original magnesium production capacity is 100,000 tons, distributed in the wutai yunhai and chaohu yunhai, which are rich in raw materials of dolomite ore. With a capacity of 170,000 tons, mg alloy is distributed in chaohu, suzhou and huizhou subsidiaries in the economically developed Yangtze river delta and pearl river delta.
Magnesium alloy is mainly used in automobile, 3C products, tools, aerospace and rail transit, among which most of them are used in automobile and 3C products. It is reported, the company that dabbles in car lightweight still includes nanshan aluminium, Asia Pacific technology, li yuan is refined to wait.